The MACD indicator shows increasing bearish momentum. NEO/USD is trending in a downward channel formation. NEO/USD continued to sink and fell below the 200-day Simple Moving Average (SMA 200). This Thursday, NEO/USD fell from $11.50 to $11.10. Since then, NEO/USD dropped further to $10.95, going below the $11-level. The hourly breakdown of Thursday and Friday shows us that the price fell to $10.65, where it found intraday support and bounced up to $11.23. Since then, the price has settled itself around $10.95. NEO/USD daily chart The daily price is trending in a downward channel formation. The Moving Average Convergence/Divergence (MACD) indicates increasing bearish momentum, while the Elliott Oscillator shows six straight red sessions. The Relative Strength Index (RSI) indicator is trending around the neutral zone. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Tron price analysis: TRX/USD bears easy takeover as $0.0140 beckons FX Street 3 years The MACD indicator shows increasing bearish momentum. NEO/USD is trending in a downward channel formation. NEO/USD continued to sink and fell below the 200-day Simple Moving Average (SMA 200). This Thursday, NEO/USD fell from $11.50 to $11.10. Since then, NEO/USD dropped further to $10.95, going below the $11-level. The hourly breakdown of Thursday and Friday shows us that the price fell to $10.65, where it found intraday support and bounced up to $11.23. Since then, the price has settled itself around $10.95. NEO/USD daily chart The daily price is trending in a downward channel formation. The Moving Average Convergence/Divergence (MACD)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
